The rise of trust decanting in the United States

Autor:	Robert H. Sitkoff
Rok vydání:	2017
Předmět:	Power (social and political) Statute Power over Divergence (linguistics) Notice State (polity) Common law media_common.quotation_subject Data_MISCELLANEOUS Doctrine Business Law and economics media_common
Zdroj:	Trusts & Trustees. 23:976-982
ISSN:	1752-2110 1363-1780
DOI:	10.1093/tandt/ttx162
Popis:	In a trust decanting, a trustee who under the terms of a trust (the first trust) has a discretionary power over distribution uses that power to distribute the trust property to a new trust (the second trust) with updated provisions, leaving behind the sediment of the first trust’s stale provisions. This article canvasses the rise of trust decanting in American trust practice, taking notice of its common law origins, its contrast with traditional American doctrine on trust modification and termination, the proliferation of state trust decanting statutes, and several areas of doctrinal divergence across the states.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::52a5b0b50e8b72c62482229f674a90e5 https://doi.org/10.1093/tandt/ttx162 Zobrazit plný text záznamu